Article: Youngest of the Janus funds sets a fast and furious pace. (domestic stock fund Janus Mercury ranks fifth among aggressive growth funds for one-year total returns)

Mercury is a small planet. Mercury is also the Roman god of commerce. In both respects, Janus Mercury is aptly named. The newest domestic-stock fund in the Janus constellation (it opened in mid 1993) ranks fifth among aggressive-growth funds for one-year total returns.

Manager Warren Lammert, 32, practices the core investment approach used by all stock-fund managers at Janus by seeking fast-growing companies whose price-earnings ratios are lower than their growth rates. But Lammert applies a twist or two.

First, the fund's charter gives him unusual flexibility to shop the world over for stocks. So Lammert and at least one analyst spend one to two days a week ...

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